Lending Criteria - Social Housing
| Loan Amount | Minimum £250,000 (Northwest) Minimum £500,000 (Rest of UK) Maximum £30 million |
|---|---|
| Loan to Value: | Negotiable |
| Term: | Up to 40 years |
| Interest Rate: | Society's Standard Variable RateFixed Rates (up to 25 years) LIBOR (various options) |
| Loan Repayment: | Interest only periods can be considered |
| Margin: | Negotiable |
| Fees: | Arrangement Fee (usually 0.30% of total loan)Valuation Fee (by negotiation with a Valuer acceptable to the Society)Solicitors Costs (a firm quotation can be obtained) |
| Security: | First Fixed Legal Charge |
